Skip to main content

AmTrust Title Partners With CertifID on Wire Fraud Prevention

NationalMortgageProfessional.com
Oct 10, 2018
CertifID has announced a key milestone. From late 2017 to December 2018, the system has protected more than $1.2 billion from wire fraud

AmTrust Title has partnered with CertifID and has announced that it will cover the costs associated with the transactional use of CertifID for its network of title agents, nationally. Amtrust Title will pay for the use of CertifID on all Amtrust-AmTrust Title has partnered with CertifID and has announced that it will cover the costs associated with the transactional use of CertifID for its network of title agentsinsured transactions. CertifID allows title agencies to securely send and confirm wiring instructions and guarantees each wire up to $1 million. The platform uses proprietary digital device analysis and knowledge-based authentication sequencing to verify the identity of both parties engaging in a wire transaction.
 
“After talking to title agents from around the country, we found that wire fraud is one of the biggest risks facing their operation today,” said Jason M. Gordon, President of AmTrust Title. “We are making a conscious decision to offer the use of CertifID to protect them and their customers from loss.”
 
AmTrust title agents will join with CertifID’s current client base to take advantage of streamlining the flow of wire information to their customers, without the need for additional usernames and passwords. It also eliminates the necessity for agents to make countless phone calls to validate wire information saving valuable processing time.
 
“AmTrust Title has just made it easier than ever for independent title agents to protect themselves,” said Tom Cronkright, Chief Executive Officer and Co-Founder of CertifID. “Unfortunately, the growth of wire fraud is outpacing industry awareness of this epidemic. When a leader like AmTrust Title makes this kind of statement, we’re taking a huge step in the right direction.”


 
Published
Oct 10, 2018
More from
Tech
Bubble Releases Its Insurance-in-a-Box Offering

A new technological innovation straight out of Silicon Valley provides companies home and life insurance an instantaneous online process.

Tech
Jan 17, 2022
OptifiNow And NextUs Lending Announce New Partnership

CRM solutions provider, OptifiNow, announced its latest partnership with Irvine-based non-QM wholesale lender, NextUs Lending.

Non-QM
Jan 13, 2022
Digital Lending Platforms Market Size Undergoes Extraordinary Growth

The global digital lending platform market size is projected to reach $20.31 billion by 2027.

Tech
Jan 12, 2022
Demand For Financial Protection Policies Increase

As the number of claims increased over the pandemic, premiums for financial protection policies rose.

Tech
Jan 12, 2022
loanDepot Wholesale Upgrades mello Broker Portal

loanDepot Wholesale will introduce new upgrades to its mello®Broker Portal to further streamline the closing process for brokers and settlement agents.

Tech
Jan 12, 2022
Daily AI Acquires Whiteboard CRM

Daily AI, the provider of solutions for mortgage lending, announced the acquisition of Whiteboard CRM.

Tech
Jan 12, 2022